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TECH

NASDAQ and Tech at CrossroadsFriday should be important in determining the direction of tech. RSI and Stochastics are in oversold territory and price has found support at the bottom of a down channel. This could be indicative of a potential reversal. If this reversal plays out, an inverse head and shoulders pattern will have formed- potentially leading to even higher price movement. On the flipside of the coin, if price breaks down at this current support level, we could see a retest of the March 5-8 lows. *Personally am leaning to go long, but always wait on price action for confirmation.
CME_MINI:NQ1!
by cameronknoff
2
Head & Shoulders, MACD reversing on all time frames upwardsGot that head & shoulders, as well MACD is heading upwards on all time frames. Today would be a make or break, but the Fed isn't going to raise interest rates for a while. I could see it heading up to 800 - 900 resistance area, however will want to consider how Volkswagen can impact sentiment on Tesla. I just swing trade so looking for around a 30% gain in the next month or so, watching tech though because that can cause worse performance.
NASDAQ:TSLALong
by AudiSwingTrader